RYVYL Q3 revenue record $17.5M (+64% YoY); Q4 guidance $19-21M

RYVYL Inc.

2024-Q3 EPS reported -$4.48 revenue$43,620,000

Q3 revenue of $17.5M vs $10.6M YoY, a 64% increase; processing volume $861M above guidance of $720-800M.
Net loss narrowed to $3.1M ($0.60 loss per share) from $15.9M ($3.37 loss per share) in Q3 2022.
Q4 2023 revenue outlook of $19-21M on processing volume of $900M-$1.0B; Q3 EU revenue up 100% to $5.0M.
Appointed George Oliva as CFO, replacing interim CFO Gene Jones; convertible note exchange reduced debt by $6M.
Cash, cash equivalents and restricted cash at $68.4M; $15.8M unrestricted; completed 1-for-10 reverse stock split.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RYVYL Inc. reported third quarter ended September 30, 2023 results: revenue $17.5 million.

Period: third quarter ended September 30, 2023
Revenue: $17.5 million
Result: reported results

Exact text from the filing

Record quarterly revenue of $17.5 million versus $10.6 million during the same time period in 2022, a 64% increase.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RYVYL Inc. reported quarter ended September 30, 2023 results: revenue $17.5 million.

Period: quarter ended September 30, 2023
Revenue: $17.5 million
Result: reported results

Exact text from the filing

Revenue increased by $6.9 million, or 64%, to $17.5 million for the quarter ended September 30, 2023, from $10.6 million for the year-earlier quarter.

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RYVYL Inc. filing history →

Source: SEC EDGAR

accession 0001185185-23-001177

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